Director-linked SCG Ventures boosts Texas Capital (TCBI) Series B preferred stake
Rhea-AI Filing Summary
Texas Capital Bancshares director-related entity SCG Ventures LP bought additional preferred stock exposure. On February 17, 2026, SCG Ventures LP purchased 8,000 Depositary Shares for Series B Preferred Stock of TEXAS CAPITAL BANCSHARES INC/TX at an average price of $22.11 per share in open-market transactions. On February 18, 2026, it bought another 2,000 Depositary Shares at $22.20 per share.
Each Depositary Share represents a 1/40th interest in the company’s 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. After these trades, SCG Ventures LP held 315,913 Depositary Shares indirectly linked to director Robert W. Stallings, alongside separate direct and foundation-held positions disclosed in the filing.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares for Series B Preferred Stock | 2,000 | $22.20 | $44K |
| Purchase | Depositary Shares for Series B Preferred Stock | 8,000 | $22.11 | $177K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Each Depositary Share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $.01 per share.
- F2. The stated price represents the average based on prices ranging from $22.10 to $22.12. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
- F3. SCG Ventures LP is owned by the RWS Investment Trust (49.5%), the LES Investment Trust (49.5%) and Stallings Management LLC (1%), its general partner. Stallings Management LLC is owned by Mr. and Mrs. Stallings (100%).
- F4. The stated price represents the average based on prices ranging from $22.16 to $22.23. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
- F5. The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.
FAQ
What are Robert Stallings’ indirect holdings in Texas Capital (TCBI) after these preferred share trades?
Does the Form 4 show changes in Texas Capital (TCBI) common stock ownership?
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